While it’s unclear whether this was a direct factor in SVB’s unwind, it reinforces the perception that this is a replay of the same risk socialization that, in various forms, continues to feed American inequality. Rich, powerful people and institutions love to push back against government controls that prevent them from taking profitable risks when times are good. Then, when things turn, the same big players use their influence to get others to absorb the damage – influence often supported by the very same funds accumulated during high-risk periods.

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• Source: https://www.coindesk.com/consensus-magazine/2023/03/13/silicon-valley-bank-and-signature-bank-reignite-too-big-to-fail-debate-coindesk/?utm_medium=referral&utm_source=rss&utm_campaign=headlines